AP2 records 3.5% return at end of 2020

Sweden’s Andra AP-fonden (AP2), among Northern Europe’s largest pension funds, has recorded a 3.5 percent return at the end of 2020, representing a net gain of SEK 12.8 billion ($1.5 billion).

The positive numbers were spurred by investments in private equity funds, Chinese equities and real estate, according to Eva Halvarsson, CEO of AP2. The fund's Swedish and Chinese equity portfolios generated a total return of 15.9 percent and 33.2 percent, respectively.

The average returns of AP2 in the past five and 10 years have been 7.3 percent and 7.7 percent, respectively.

“In many ways, 2020 was a very special year, strongly marked by the COVID-19 pandemic,” said Halvarsson. “Yet in spite of everything that has been happening around the world, we have managed to deliver much of what we had decided to do.”